To become a business partner in The Sims 3, all you have to do is click on the place that you want to partner and click the interaction "Become Partner for $......." To become a partner costs A LOT of simoleons so make sure you have enough money to do so.
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When you become a partner with a business, you basically "own" the business. Every month or week, you get a cut of their profits. Say if you become a partner with the theatre, they usuallu give about $4000-7000$ simoleans every month or so.
All sims in sims 3 can become cheerleaders in the university life. Sims 3 is just like real life, cheerleaders are not made but discovered within certain people.
Teenage sims will graduate from school once they become adults.
No. You can only be a vampire if you get the sims 3 Late Night.
You need the sims 3 ambitions. If you do then when you click on the school you can join the EDUCATION career.